Reasons why Equitable Holdings Inc’s (NYSE:EQH) fundamentals are futile

In yesterday’s Wall Street session, Equitable Holdings Inc (NYSE:EQH) shares traded at $26.57, up 5.39% from the previous session.

EQH stock price is now -4.55% away from the 50-day moving average and -3.41% away from the 200-day moving average. The market capitalization of the company currently stands at $9.23B.

With the price target of $31, Deutsche Bank recently initiated with Hold rating for Equitable Holdings Inc (NYSE: EQH).

In other news, Matus Kristi Ann, Director sold 19,297 shares of the company’s stock on Mar 24. The stock was sold for $450,372 at an average price of $23.34. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 22, Chief Accounting Officer Eckert William James IV sold 8,100 shares of the business’s stock. A total of $205,584 was realized by selling the stock at an average price of $25.38. This leaves the insider owning 27,062 shares of the company worth $0.72 million. Insiders disposed of 376,887 shares of company stock worth roughly $10.01 million over the past 1 year. A total of 0.44% of the company’s stock is owned by insiders.

On Thursday morning Equitable Holdings Inc (NYSE: EQH) stock kicked off with the opening price of $25.57. During the past 12 months, Equitable Holdings Inc has had a low of $21.89 and a high of $33.24. According to the stock market information, the enterprise value for the company is $9.91B, which is based on a 8.02 price-to-earnings ratio, a 0.36 price-to-earnings-growth ratio, and a beta of 1.41. The fifty day moving average price for EQH is $27.82 and a two-hundred day moving average price translates $27.49 for the stock.

The latest earnings results from Equitable Holdings Inc (NYSE: EQH) was released for Sep, 2023. The net profit margin was 10.09% and return on equity was 48.48% for EQH. For the current quarter, analysts expect EQH to generate $3.54B in revenue.

Equitable Holdings Inc(EQH) Company Profile

Equitable Holdings, Inc., together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals. The Group Retirement segment provides tax-deferred investment and retirement services or products to plans sponsored by educational entities, municipalities, and not-for-profit entities, as well as small and medium-sized businesses. The Investment Management and Research segment offers diversified investment management, research, and related solutions to various clients through institutional. The Protection Solutions segment provides life insurance products such as VUL insurance and IUL insurance and our employee benefits business on small and medium-sized businesses. The company was formerly known as AXA Equitable Holdings, Inc. and changed its name to Equitable Holdings, Inc. in January 2020. Equitable Holdings, Inc. was founded in 1859 and is based in New York, New York.

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